India's Linc sees worst day in over a year on Q2 profit fall

Linc

03/11/2023 04:27

** Shares of Linc Ltd  LINC.NS  fall as much as 12.6% to 715
rupees, steepest intraday fall since Oct. 10, 2022
    ** The pen maker reported on Thursday its Q2 profit fell
19.4% to 77.1 mln rupees ($926,181.75)
    ** Rev from ops up 3.1% Y/Y offset by a ~7% rise in total
expenses
    ** More than 104,858 shares change hands by 09:45 a.m. IST,
2.4x its 30-day avg    
    ** Stock currently down 10.4%, trimming YTD gains to 89%



($1 = 83.2450 Indian rupees)

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))